Skip to main content
February 9, 2025
Question

Do I need to report a refund on my tax return that I got from my bank I was eligible for?

  • February 9, 2025
  • 1 reply
  • 0 views
The refund was given to me because the bank made updates on the way fees were assessed and I was found eligible for a refund.

    1 reply

    JohnB5677
    February 10, 2025

    No you do not have to pay taxes on a refund.

    • The money you paid for the original fees has been taxed.
    • Therefore, the refund is a payback of money that you already paid taxes on.
    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"